News

Rates for North Carolina home policyholders with Beach Plan, the state's insurer of last resort, are being jacked up to better the Beach Plan's ability to deal with major loss events, plan officials w

Former American International Group Chairman Maurice Greenberg has asked the current chairman Edward Liddy where a new, multisector, credit default swap financial venture got $35 billion in cash colla

WASHINGTON--The American Insurance Association in a letter sent yesterday to Congress said lawmakers must ensure money being given to companies under federal aid programs doesn't allow them to compete

James Mastowski, Jimcor chief executive officer, said in a statement, "With Jimcor's 20-plus years of placing excess and surplus lines business and Zaloom's broad experience with admitted carriers, we

In the letter, Rep. Elijah Cummings, D-Md., accused AIG of "disingenuous sleight of hand" by disavowing the payment of performance bonuses to senior execs in 2008, but then continuing to provide reten

Leaders of ProtectingAmerica.org, a group that has been campaigning for a federally backed national catastrophe program, said today they expect more success with the arrival of the Obama administratio